Events & Promotions
|
|
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Apr 2610:00 AM EDT
-11:00 AM EDT
The Target Test Prep course represents a quantum leap forward in GMAT preparation, a radical reinterpretation of the way that students should study. Try before you buy with a 5-day, full-access trial of the course for FREE!
Apr 2711:00 AM EDT
-12:00 PM EDT
Prefer video-based learning? The Target Test Prep OnDemand course is a one-of-a-kind video masterclass featuring 400 hours of lecture-style teaching by Scott Woodbury-Stewart, founder of Target Test Prep and one of the most accomplished GMAT instructors
Apr 2808:00 AM PDT
-11:00 AM PDT
Whether you are just beginning your MBA journey or fine-tuning your path to a 700+ score, GMAT Day is designed to give you a competitive edge.
09 Aug 2023, 03:55
Kudos
Bookmarks
B
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
45%
(medium)
Question Stats:
70% (02:07) correct
30%
(02:16)
wrong
based on 489
sessions
History
Date
Time
Result
Not Attempted Yet
Some economists have argued that market regulation is antithetical to the ideal functioning of a democratic society because it interferes with Line the individual's right to make decisions in his own financial interest. In a regulated market, the citizen is not always at liberty to choose where or how to build his house or whom to hire for his business. If all individuals do not have complete freedom to make economic decisions purely with respect to their own ow self-interest, then a society is not a true democracy. Yet this perspective overlooks the fact that the democratic ideal encompasses two separate, but not mutually exclusive goals:
1. to ensure individual liberty and
2. to promote the overall health and well-being of the population.
Some degree of market regulation may be necessary to fulfill the latter goal, for an individual's exercise of his own liberty can in some instances interfere with the liberty of others.
Which one of the following most accurately expresses the main conclusion of the argument?
A. Market regulation ensures individual liberty and promotes the overall health and well-being of the population.
B. Market regulation is not automatically at odds with the ideals of a democratic society.
C. Market regulation does not allow individuals to make choices.
D. Market regulation is a necessary precondition for democracy.
E. Market regulation is antithetical to the ideals of a democratic society.
1. to ensure individual liberty and
2. to promote the overall health and well-being of the population.
Some degree of market regulation may be necessary to fulfill the latter goal, for an individual's exercise of his own liberty can in some instances interfere with the liberty of others.
Which one of the following most accurately expresses the main conclusion of the argument?
A. Market regulation ensures individual liberty and promotes the overall health and well-being of the population.
B. Market regulation is not automatically at odds with the ideals of a democratic society.
C. Market regulation does not allow individuals to make choices.
D. Market regulation is a necessary precondition for democracy.
E. Market regulation is antithetical to the ideals of a democratic society.
10 Aug 2023, 11:08
Kudos
Bookmarks
OE
This main point question asks for the conclusion of the passage. In order to identify the conclusion of an argument, ask "why does the author believe this to be true?" The reference to some economists indicates that the author may disagree with those economists, which is stated as that "this perspective overlooks the fact that the democratic ideal encompasses two separate but not mutually exclusive goals." This indicates that some degree of market regulation may be acceptable, and is the conclusion of the argument. Choices (A) and (D) are extreme language that is not supported, as the author does not conclude that market regulation is necessary or ensures anything. Choices (C) and (E) are reversals, as the author indicates that market regulation may be acceptable. The correct answer is (B).
This main point question asks for the conclusion of the passage. In order to identify the conclusion of an argument, ask "why does the author believe this to be true?" The reference to some economists indicates that the author may disagree with those economists, which is stated as that "this perspective overlooks the fact that the democratic ideal encompasses two separate but not mutually exclusive goals." This indicates that some degree of market regulation may be acceptable, and is the conclusion of the argument. Choices (A) and (D) are extreme language that is not supported, as the author does not conclude that market regulation is necessary or ensures anything. Choices (C) and (E) are reversals, as the author indicates that market regulation may be acceptable. The correct answer is (B).
17 Apr 2026, 22:21
Kudos
Bookmarks
What's the difference between option B) and option E)?
I chose option E over option B since 'automatically at odds' is quite strong, and the author has pointed out some cases where, in fact (in the final line of question stem), it may not be at odds.
I chose option E over option B since 'automatically at odds' is quite strong, and the author has pointed out some cases where, in fact (in the final line of question stem), it may not be at odds.
